Funding you earn now, next payment 06:00 UTC−0.0167%/8h= −18.2% APRnext payment −$0.21 per $10,000 · paid last 24h −0.005%
Price spread now: Phoenix against RISEx−0.123%50s7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$280.281% of the position
Funding, last 4 days (all we have)−0.113%−$11 on $10k
+Price spread, last 4 days (all we have)+0.141%+$14 · spread now −0.123%, 7d avg −0.030%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Phoenix is 0.093% cheaper against RISEx than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.030%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx HOOD/USDC | 121.00 | 0.0365 | pay 0.0046% / 1h | 17m 44s | $395K | $1.4M | 10x |
| Short | Phoenix HOOD | 120.85 | 0.0198 | get 0.0025% / 1h | 17m 44s | $28K | $238K | 10x |
RISEx HOOD/USDC
Phoenix HOODFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against RISEx. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$35
- Price spread: −0.123% → −0.030%
- −$9.34
- Slippage, 4 orders
- −$15.08
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$72.42
- Costs to cover
- 0.281%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 1 min ago; Phoenix: live order book, 20 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy RISEx live order book, 1 min ago | 0.83 bp | 3.8 bp −$4 | 5.1 bp −$51 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 20 min ago | 2.49 bp | 10.2 bp −$10 | 21.7 bp −$217 | doesn't fit | doesn't fit |
HOOD on 30 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective HOOD/USDC PERP | −0.0392% | 1h | 120.34 | −0.545% | $57K | $57K | 30x | as long as short |
| Gate HOOD_USDT | −0.0171% | 8h | 121.01 | +0.009% | $601K | $7.7M | 50x | as long as short |
| Bitget HOODUSDT | −0.0133% | 8h | 121.04 | +0.034% | $5.5M | $10.0M | 20x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 120.88 | −0.100% | $106K | $281K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 120.97 | −0.024% | $356K | $1.3M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 121.00 | +0.001% | $20.8M | $92.3M | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 120.97 | −0.024% | $3.7M | $8.8M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 120.96 | −0.032% | $2.7M | $6.2M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 120.95 | −0.038% | $2.3M | $1.0M | — | as long as short |
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 120.88 | −0.098% | $846K | $2.0M | 10x | as long as short |
Injective HOOD/USDC PERP
Gate HOOD_USDT
Bitget HOODUSDT
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
Variational Omni HOOD
GRVT HOOD_USDT_PerpShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex HOODUSDT | 0.0000% | 8h | 120.99 | −0.008% | $990K | $9K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0018% | 1h | 120.74 | −0.214% | — | $63K | 25x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 120.82 | −0.148% | $1.1M | $1.7M | 10x | as long as short |
| Polymarket Perps HOOD-USD | +0.0050% | 1h | 120.80 | −0.165% | $252K | $345K | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 120.98 | −0.016% | $722 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 120.94 | −0.049% | $1.2M | $1.4M | 15x | as long as short |
| QFEX HOOD-USD | +0.0062% | 1h | 120.94 | −0.049% | $1.3M | $2.9M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0088% | 1h | 120.92 | −0.065% | $51.4M | $27.7M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 120.96 | −0.036% | $74K | $112K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 120.89 | −0.090% | $1.3M | $1.3M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 120.89 | −0.090% | $5K | $41K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 121.01 | +0.009% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 120.97 | −0.022% | $16K | — | 10x | as long as short |
| Lighter HOOD | +0.0112% | 1h | 120.97 | −0.027% | $2.8M | $3.2M | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 120.88 | −0.099% | $173K | $160K | 20x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0184% | 1h | 120.60 | −0.330% | $196K | $1.8M | 10x | as long as short |
| Phoenix HOODshort | +0.0198% | 1h | 120.85 | −0.123% | $28K | $238K | 10x | |
| RISEx HOOD/USDClong | +0.0365% | 1h | 121.00 | long leg | $395K | $1.4M | 10x | |
| Deribit HOOD_USDC-PERPETUAL | +0.0743% | 1h | 120.99 | −0.008% | $6K | $52K | 10x | as long as short |
| edgeX HOODUSDC | +0.0757% | 4h | 120.87 | −0.111% | $364K | $304K | 10x | as long as short |
Phemex HOODUSDT
Vest HOOD-USD-PERP
Arcus HOOD-USD
Polymarket Perps HOOD-USD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
QFEX HOOD-USD
tradeXYZ xyz:HOOD
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
Lighter HOOD
BloFin HOOD-USDT
Coinbase International HOOD-PERP-INTX
Deribit HOOD_USDC-PERPETUAL
edgeX HOODUSDC